Cambridge Mortgage Rates and Information Online from competing Lenders

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Obama names Richardson as Commerce Secretary - Washington Post
CHICAGO (Reuters) - President-elect Barack Obama said on Wednesday struggling automakers have put forward a "more serious" restructuring proposal to Congress but withheld judgment on the plans until hearings are held. At a news conference, Obama said ...

Brown aims to halt repossessions - Cambridge News
Gordon Brown has moved to stem growing repossessions with a £1 billion package to allow struggling homeowners to defer mortgage payments for up to two years. Eight major lenders, accounting for about 70% of the UK mortgage market, have signed up to ...

Mortgage lending plunges nearly 70% - Cambridge News
Mortgage lending collapsed during October, diving by nearly 70% to reach the second lowest figure on record, the Bank of England said. Just £459 million was advanced during the month, well down on September's £1.49 billion and only 6% of the level ...

Cambridge Index climbs 12.8% - Cambridge Network
The Cambridge Index surged 12.8% or 407.5 points to 3,580.8, aided by the improvement in market sentiments, after the US and UK government pledged billions of dollars to support economic growth and revive lending. The top 10 index heavy weight stocks ...

Fed’s Lacker Says Safety Net Limit Is Critical Issue (Update2) - Bloomberg
Dec. 3 (Bloomberg) -- The Federal Reserve, U.S. Treasury and other agencies must roll back the “unprecedented” expansion of the government safety net rather than try to encircle it with more regulation, Richmond Fed Bank President Jeffrey Lacker ...

New Anglia IT Recruitment website, developed by netXtra, triumphant in ... - Cambridge Network
Having recently been highly successful at the Trade Association Forum Best Practice Awards, with websites developed for the Recruitment and Employment Confederation (REC), the British Educational Suppliers Association and the Council of Mortgage ...

Cause and Effect - American Enterprise Institute
Although the media are full of talk that we face a "crisis of capitalism," the underlying cause of the financial meltdown is something much more mundane and practical--the housing, tax, and bank regulatory policies of the U.S. government. The ...

Even lawyers getting outsourced - Reading Eagle
As the economic crisis deepens in the U.S., some lawyers are making out well - in India. At the Mumbai subsidiary of outsourcer Pangea3 LLC, rows of Indian lawyers at new computers pore over contracts, covenants and other financial documents. They're ...

Treasury Yields Drop to Record Lows as Bernanke Cites Buybacks - Bloomberg
Dec. 1 (Bloomberg) -- Treasuries rose, pushing yields to record lows, as Federal Reserve Chairman Ben S. Bernanke said the central bank may purchase Treasuries and target long-term interest rates to combat the deepening recession. Bonds rallied for a ...

With economy tight, even lawyers get outsourced - Baltimore Sun
As the economic crisis deepens in the U.S., some lawyers are making out well -- in India. At the Mumbai subsidiary of outsourcer Pangea3 LLC, rows of Indian lawyers at new computers pore over contracts, covenants and other financial documents. They ...

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Today's Mortgage Terms starting with G

  • Good Faith Estimate: A written estimate of the closing costs the borrower will most likely have to pay based on common local practices. Under the Real Estate Settlement Procedures Act (RESPA), the lender is must provide this disclosure to the borrower within three days of receiving a loan application.
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